• 4 min read

AI Takes Center Stage at Knowledge24: Aavenir Leads the Charge in AI for Contract Management

ServiceNow Knowledge24 was a whirlwind of innovation, collaboration, and – for Aavenir – a resounding success! We were thrilled to be a part of Knowlege24 as a gold sponsor and connect with many of the 20,000+ ServiceNow customers, partners, and developers who attended the event.  Our booth (#3310) was a constant hive of activity, buzzing with discussions about the future of contract management powered by AI. Here are some key takeaways and highlights from Knowledge24:

AI is Here, and It's Transforming Contract Management

The theme of "AI for the people" resonated throughout Knowledge24, and Aavenir was at the forefront of this exciting future. One of the biggest takeaways from the event was the undeniable power of AI in revolutionizing contract management. Our CEO championed this message in his standing-room-only session, "Maximizing ServiceNow ROI: How Enterprises Use AI for Contract Management."  The session provided a deep dive into how AI can streamline workflows, boost accuracy, and empower businesses to gain valuable insights hidden within their contracts. Attendees witnessed firsthand the transformative potential of AI through live demos showcasing Aavenir's advanced use cases, including AI for Contract Data Extraction, Contract Review, Smart Search, Contract Compliance, and more.

Beyond Contract Management: Empowering People with AI ("Putting AI to Work for People" in Action)

While contract management was a major focus, the theme of "AI for the people" extended far beyond.  Aavenir offered a glimpse into the future of work itself with demonstrations of its cutting-edge Generative AI Assistant, Avy AI.  The solution goes beyond simple automation. It empowers teams with unparalleled efficiency and insights, allowing them to focus on more strategic initiatives and drive innovation. Instead of replacing human workers, Avy AI acts as a powerful ally, freeing them from mundane tasks and allowing them to leverage their expertise to its full potential.

Collaboration and Automation: Building a Streamlined Future

Knowledge24 also highlighted the critical role of collaboration and automation in today's fast-paced business environment. Aavenir's highly-attended "Ask the Pro" session by our SVP of Product, Sunil Masand, addressed this crucial concern head-on.  Experts provided attendees with practical guidance on seamlessly integrating AI-powered contract management solutions into their existing ServiceNow workflows. This session offered a roadmap for achieving a collaborative and streamlined approach to contract management, unlocking the power of AI within a familiar ServiceNow environment.

One of the most exciting applications of AI in contract management discussed at the session was AI Contract Obligation Management. This innovative approach goes beyond traditional contract management by leveraging AI to automatically identify and track key obligations within contracts. This includes IT Service Level Agreements (SLAs), Environmental, Social, and Governance (ESG) commitments, and any other type of obligation outlined in the contract. By automating these tasks, AI frees up valuable human resources and ensures that critical obligations are never missed. This empowers businesses to maintain compliance, optimize resource allocation, and achieve their strategic goals.

The Future is Now: Unlock the Power of AI with Aavenir

Aavenir's success at Knowledge24 reflects our unwavering commitment to being a leader in the field of AI-powered contract management solutions.  We are passionate about partnering with businesses to revolutionize their ServiceNow experience by unlocking the full potential of AI. Here at Aavenir, we believe that AI is not just a tool, but a powerful force for positive change.

Stay tuned! We will be sharing more insights from Knowledge24, including session highlights, exciting announcements, and in-depth discussions on the future of AI, in the coming days.

Ready to explore the future of contract management? Schedule a free demo to learn more about how Aavenir's AI solutions can empower your team and transform your ServiceNow experience.

Aavenir Contractflow and ServiceNow CLM

Organizations seeking a comprehensive and intelligent contract management solution beyond the basic capabilities of a CLM solution should strongly consider Aavenir Contractflow.
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